Project Company
The project was developed by Baltic LNG AG, a joint venture between Russian companies Gazprom (80% of shares) and Sovkomflot (20%). The head of the company was Alexander Krasnenkov. The plan was to involve foreign partner or partners into the project in terms that Gazprom could remain 51% of shares. In 2006, Gazprom invited 17 companies to participate, of which 15 showed interest. In April 2007, Gazprom shorted list to four companies. They were Petro-Canada, BP, Eni and Mitsubishi. In September 2007, media reported that also Spain's Iberdrola was talking with Gazprom about its participation in the project.
Read more about this topic: Baltic LNG
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